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Just when everyone thought that Nvidia (NVDA) may have lost its magic, it has pulled a rabbit out of the hat. No, it is not the usual beat and raise from its quarterly results. This time, Nvidia did something it has never done before—guiding for the next fiscal year. This was a major contributing factor to its shares not falling following its earnings, a phenomenon of the last four consecutive quarters.
In fact, the stock was up by as much as 10% at its highest point in the two subsequent trading sessions. Overall, the stock is up about 5% since the earnings.
